'Citadel Knows More Than You Do,' But Is There A Profitable Trade On Unity And Carvana?
Portfolio Pulse from AJ Fabino
Tim Quast, CEO of ModernIR, discussed momentum trading strategies on Benzinga's 'PreMarket Prep', highlighting the importance of modest, repeated returns. He identified four momentum stocks with near daily volatility: Carvana Co (CVNA), Matador Resources Co (MTDR), Unity Software Inc (U), and Coinbase Global Inc (COIN). Quast also mentioned momentum trading-focused ETFs like the iShares MSCI USA Momentum Factor ETF (MTUM), and the Invesco DWA Momentum ETF (PDP). His strategy emphasizes riding the wave of a stock’s upward trend and selling as soon as there are signs of a downward trend.
July 10, 2023 | 9:01 pm
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NEUTRAL IMPACT
Coinbase Global Inc identified as a momentum stock with near daily volatility.
The stock's volatility makes it a potential target for momentum traders, but also increases risk.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Carvana Co identified as a momentum stock with near daily volatility.
The stock's volatility makes it a potential target for momentum traders, but also increases risk.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Matador Resources Co identified as a momentum stock with near daily volatility.
The stock's volatility makes it a potential target for momentum traders, but also increases risk.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
iShares MSCI USA Momentum Factor ETF mentioned as a momentum trading-focused ETF.
The ETF's focus on momentum trading makes it a potential target for investors interested in this strategy.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
Invesco DWA Momentum ETF mentioned as a momentum trading-focused ETF.
The ETF's focus on momentum trading makes it a potential target for investors interested in this strategy.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
Unity Software Inc identified as a momentum stock with near daily volatility.
The stock's volatility makes it a potential target for momentum traders, but also increases risk.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80